Saturday, June 19, 2010

If Cambie Street Grows as Hoped, City of Vancouver Will Lose Big Bucks
- great article by the Vancouver Sun's Don Cayo. This is exactly the kind of analysis I'm performing in my Urban Land Economics studies out at UBC, clearly summarized and articulated for a general audience. The article's key point: infrastructure development along Cambie (Canada Line; high density residential) will generate additional revenue for the city in the short run, but, in the long run, will produce far less revenue than today. My guess: the city will be thrilled by the initial revenue boost, promptly treat it as a given, and then profess surprise when it starts to decline. Who will make up the revenue shortfall that's the inevitable consequence of the city's inability to distinguish between short-term growth and long-run sustainability? You; me; all of us.

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